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Studio · 609 sqftLincoln Park - Sheffield, Arjan · 5th floor · completed 2014

501, Lincoln Park - Sheffield

Sold prices and rental history: sold 3 times, last in April 2024, and rented once, from April 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 3 April 2024
Last soldAED 375K3 April 2024
Current rentAED 45K /yr18 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Lincoln Park - Sheffield

What is 501 worth today?

Last sold for AED 375,000 in 2024

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3 Apr 2024SoldReady
AED 375,000AED 616 per sqft
18 Apr 2019RentedNew contract
AED 45,000/yr12 months · AED 73 per sqft
27 Jan 2019SoldReady
AED 344,566AED 566 per sqft
18 Oct 2015Sold by developerReady
AED 608,700AED 999 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 April 2024.

Key facts

Type
Studio apartment
Size
609 sqft
Floor
5th of 6
Parking
P1-11
Developer
DAMAC
Completed
2014
Service charge
AED 7,800 /yr
Last sold
AED 375K · April 2024
Building
Lincoln Park - Sheffield

About 501, Lincoln Park - Sheffield

501 is a studio of 609 sqft on the 5th floor of Lincoln Park - Sheffield, a 6-storey tower in Arjan completed in 2014 by DAMAC. It last sold on 3 April 2024 for AED 375,000, or AED 616 per sqft, 21% below the AED 777 studios in the building were fetching at the time.

One Ejari contract is registered, from 18 April 2019. The current contract, signed on 18 April 2019, is AED 45,000 a year: a gross yield of 12.0% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical studio in Lincoln Park - Sheffield
400K600K2009201420192024Typical sale price by year: 2009 AED 469,000; 2013 AED 483,000; 2014 AED 587,400; 2015 AED 555,500; 2016 AED 512,500; 2017 AED 490,000; 2018 AED 402,500; 2019 AED 332,283; 2020 AED 300,000; 2021 AED 295,000; 2022 AED 285,000; 2023 AED 382,500; 2024 AED 450,000; 2025 AED 485,000Sold by developer, October 2015: AED 608,700 (AED 999 per sqft)Sold, January 2019: AED 344,566 (AED 566 per sqft)Sold, April 2024: AED 375,000 (AED 616 per sqft)

501 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 501, each contractTypical studio in Lincoln Park - Sheffield
20K40K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 44,123; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 27,000; 2021 AED 24,000; 2022 AED 28,000; 2023 AED 34,050; 2024 AED 38,750; 2025 AED 43,000; 2026 AED 46,000New contract, April 2019: AED 45,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Lincoln Park - Sheffield, and where 501 sits

All 127 studios →

501 last sold in April 2024 at AED 616 per sqft, 21% below what studios in Lincoln Park - Sheffield were fetching at the time (AED 777). Over the last 12 months studios sold for AED 450,000 to 520,000, around AED 945 per sqft, and rent for AED 37,400 to 60,000 a year. 501's AED 45,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Feb 2026510,000
14 Jan 2026520,000
12 Dec 2025480,000
25 Jul 2025495,000
4 studio sales in the last 12 months

Lincoln Park - Sheffield

Building

170 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2014 by DAMAC. 5 sold in the last 12 months.

Typical price per sqft
AED 921
Typical sale
AED 510K
Typical rent
AED 48K /yr
Typical yield
9.6%
Lincoln Park - Sheffield, Arjan: prices, sales and rents →

Other units on the 5th floor

All 170 units in Lincoln Park - Sheffield
Value
502StudioAED 280K · Sep 2022
503StudioAED 390K · May 2023
504StudioAED 450K · Jan 2025
505StudioAED 450K · Jan 2025
506StudioAED 435K · Jun 2024
507StudioAED 573K · Oct 2015
5081-bedAED 410K · Sep 2019
1–7 of 33

501, Lincoln Park - Sheffield in numbers

  • Sold 3 times: first on 18 October 2015 for AED 608,700, last on 3 April 2024 for AED 375,000 (AED 616 per sqft).
  • Rented since April 2019 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 12.0%, before a service charge of about AED 7,800 a year (AED 12.82 per sqft).
  • Studios in Lincoln Park - Sheffield sold for AED 450,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 921 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 3 April 2024.

Questions about 501, Lincoln Park - Sheffield

What did unit 501 last sell for?

AED 375,000 on 3 April 2024: AED 616 per sqft for 609 sqft. The unit has 3 registered sales; the first was AED 608,700 in October 2015.

What is the rent for unit 501?

AED 45,000 a year on the contract signed on 18 April 2019.

How big is unit 501?

609 sqft (56.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2014.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lincoln Park - Sheffield sold for AED 450,000 to 520,000 in the last 12 months, around AED 945 per sqft.

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Mortgage on 501, Lincoln Park - Sheffield

Starts from the last sale price (AED 375K, 3 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

Plus AED 18,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →